EDGE LAC Vol (IFC-601095)

Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Investment Amount (USD)
$ 1.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 5, 2017

Disclosed by Bank Mar 1, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The project will be structured in two components: Component 1: Development and Implementation of EDGE Voluntary Certification. This component will be implemented through two sub-components: 1.1: Development of Local Capacity for Voluntary Certification. This sub-component will seek to develop local capacities with regards to green building and EDGE voluntary certification. More specifically, this component aims to increase the capabilities and skills of each Local Partner and other important stakeholders such as architects, engineers, developers etc. 1.2: Implementation of EDGE Voluntary Certification. The launch of the certification program in a given geography will be phased. First, a pilot of at least two project will trial run the certification process, then the program will be rolled out in the specified geography (city/region/country). Component 2: Dissemination of the results and lessons learned. The aim of this component is to promote green buildings in the selected countries in LAC, to capture experiences and lessons learned to disseminate them as a means to further help the deployment of green building projects across LAC and in other regions. Knowledge sharing is essential to provide key (private and public) stakeholders with space to interact, share experiences and develop partnerships to replicate good practices related to green buildings. IFC Specialists as well as experts from LAC and other regions will also be brought together for sharing of best practices.
People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.
The overall objective of the project is to contribute to the reduction of GHG emissions in the construction sector in five LAC countries by promoting the design and construction of cost-effective resource efficient (green) buildings. This will be achieved by strengthening the local capacity to implement an EDGE-based voluntary green building certification system. This intervention will be mainly focused in the mass housing and commercial buildings segments.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works